Centuria Property Funds No. 2 Limited as the responsible entity of Centuria Sydney CBD Prime Office Fund / 680 George St/50 Goulburn StWA-50029

Parties

Summary

Centuria Property Funds No. 2 Limited, a Centuria Capital Limited subsidiary, is acquiring a 50% indirect interest in Sydney CBD commercial properties at 680 George Street and 50 Goulburn Street. The real estate transaction involves Centuria Investment Management (CSPOF) Pty Ltd acquiring units and shares from Brookfield Capital Management Limited and 680G 50G Investments Pty Ltd.

Acquisition details

Centuria Property Funds No. 2 Limited ( CPF2L ) as the responsible entity of Centuria Sydney CBD Prime Office Fund proposes to acquire a 50% indirect interest in 680 George Street and 50 Goulburn Street, Sydney, New South Wales. The Acquisition will occur through Centuria Investment Management (CSPOF) Pty Ltd as trustee of the CSPOF Mid Trust ( Mid Trust ) acquiring 50% of the units in Latitude Landowning Trust ( Latitude Trust ), and through Centuria Investment Management (CSPOF) Pty Ltd in its personal capacity ( Mid Trustee ) acquiring 50% of the shares in Latitude Landowner Pty Ltd ( Latitude Trustee ). The Mid Trust and Mid Trustee are wholly owned subsidiaries of CPF2L. CPF2L is a wholly owned subsidiary of Centuria Capital Limited ( Centuria ). Centuria is an Australian-based investment manager that predominantly focuses on listed and unlisted property funds. Its core business is the provision of real estate investment management services, which involves establishing and managing listed and unlisted property funds that pool capital from retail, wholesale and institutional investors to acquire income-producing assets, predominantly commercial properties. The Latitude Trust is currently 50% owned by 680G 50G Investments Pty Ltd as trustee of the 680G 50G Investment Trust, and the Latitude Trustee is 50% owned by Brookfield Capital Management Limited (members of the Brookfield Group ( Brookfield )). The remaining 50% of the units in the Latitude Trust will continue to be held by AWPF Management No. 2 Pty Ltd as trustee for the Latitude Landholding Trust No. 2. Brookfield comprises: Brookfield Corporation, a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. Brookfield Corporation has three core businesses: Alternative Asset Management, Wealth Solutions, and its Operating Businesses, which are in renewable power, infrastructure, business and industrial services, and real estate; Brookfield Asset Management Ltd., a leading global alternative asset manager with over $1 trillion of assets under management across renewable power & transition, infrastructure, private equity, real estate, and credit. Brookfield has various business activities and interests in Australia and invests across core infrastructure, renewable power and transition, real estate, and private equity.